The marginal revenue product of land is a downward sloping relationship due to the law of diminishing returns
Indicate whether the statement is true or false
T
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Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Morocco consume?
A) 60 B) 70 C) 90 D) 120
To track the public debt over time and understand its significance to the economy, it is best
A. calculated relative to the money supply. B. measured relative to the gross domestic product. C. examined relative to budget surpluses. D. to compare it to imports, exports, and the trade deficit.
Low stock market prices might ________ consumers willingness to spend and might ________ businesses willingness to undertake investment projects
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
A statistical analysis is internally valid if
A) its inferences and conclusions can be generalized from the population and setting studied to other populations and settings. B) statistical inference is conducted inside the sample period. C) the hypothesized parameter value is inside the confidence interval. D) the statistical inferences about causal effects are valid for the population being studied.